City of Lamar June 2023 Sales Tax Revenue Report

City of Lamar sales tax revenues continued to post increases through the summer with a 3.78% gain noted for city sales tax revenue for a difference of $15,771.09 over the previous time period.  Use Tax collections were up at 39.39% for a gain of $13,733.68.  Total sales and Use Tax collections improved by 6.67% in this time frame for an increase of $30,152.16.  Collections for 2022 were $452,290.42 and were $482,442.58 for the current year.

Year to date collections showed a growth of 11.72% since the start of the year with a gain of $290,774.29 with collections for 2022 at $2,481,629.83 compared to 2023 at $2,772,404.12.  Use tax collections were up 24.82% for a gain of $51,358.91.  Total sales and Use tax collections for 2023 were up 11.99% for an increase of $327,009.46.  Collections for 2022, YTD, were $2,726,812.48 and for the current year, are at $3,053,821.94.

There were several drops in sales tax revenue between 2022 and the current year with decreases noted in building materials, C-stores and gas sales, All Business/Electricity and Grocery Stores.